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assume harry reid is here and their staffs are going back and forth. i spoke to one aide who said don't expect for any details to leak tonight. they'll be closed-lipped about this because the idea if anything does leak out it gives more of an opportunity for folks on either party to kill a deal if they don't like what they hear. some sort of a agreement will be announced tomorrow when the house is back in session and the senate is back in session and they can go back to say hey, this is the best opportunity. as far as the likelihood of this kraig, things have not been going well and there's optimism here and there and things are fluid like kristen says and it will be the final deal, but what we do know is these folks on capitol hill are very mindful of the damage that can be done to the economy if nothing is brief. we've had five down days in the stock market and we're preparing the country on tuesday for the first tax increase in 20 years, and i think finally at the end, that's starting to resonate at least with some of the elder members of both sides hence why we're even here on a s
and do that. is there any chance he will before monday? >> i think there's a chance if harry reid and mitch mcconnell can blink together, they can come to agreement to bring something to the floor and move forward, then and only then will they blink but both have to hold hands and jump into the pool at the same time. >> but mitch mcconnell is worried about, what, ashley judd running against him. what is he really worried about? i'm just kidding because he's not worried about the general election. he's worried about a primary election like a rand paul. >> and a the other -- >> by the way, he is from rand paul's state. it's possible. >> he is. the other thing to keep in mind is boehner's speakership vote is up on january 3rd. >> but you -- everybody keeps saying that but to vote against the speaker who is the caucus nominee, let's face it, he is the nominee of the republican party, to not vote for the speaker is a major act of betrayal on the part of any member of the congress. you have to that day -- >> the idea if he goes and forces through a tax increase, they could express their
of six attending. vice president biden, harry reid, house minority leader nancy pelosi, mitch mcconnell and john boehner representing the republicans. brianna keilar is live from washington. is anybody optimistic that a deal could be done today around a table? >> i will tell you the optimism is sort of sinking. senate majority leader harry reid said he doesn't see how it can get done by january 1st. we heard from president obama before he left from his vacation that he was optimistic. logistically the white house will tell you it's possible. when you listen to what you're hearing some of these congressional leaders say, there's a lot of posturing laying blame to the other side if we do go over the cliff. take a listen. >> republicans are not about to write a blank check for anything senate democrats put forward because we find ourselves at the edge of the cliff. >> we are here in washington working while the members of the house of representatives are out watching movies, watching their kids play soccer, basketball, doing all kinds of things. they should be here. >> now, house sp
a bill exactly like this sitting in the united states senate. harry reid passed it back in july, and republicans refused to vote on it. boehner, why don't you vote on that? the time for complaining about this deal, totally over. >> nobody can get 100% of what they want, and this is not simply a contest between parties in terms of who looks good and who doesn't. >> don't you think republicans need to be careful about pushing back on this for the good of the country? if no deal is struck this year, president obama, what does he have? well, he's got the inauguration coming up. a big platform. he's got the state of the union address coming up. a big platform. he is going to have a better chance to have the american people on his side. president obama urged all members of congress to get some perspective over the holiday weekend on this. >> everybody can cool off. everybody can drink some eggnog, have some christmas cookies, sing some christmas carols, enjoy the company of loved ones, and then i'd ask every member of congress while they're back home to think about that. think about t
are in the senate and it will be up to harry reid and mitch connell and the president to try to come to a compromise to avoid the tax hikes and spending cuts that go into effect on the first of the year. president obama had been working with house speaker john boehner and trying to get a big deal that dealt with tax reform and deficit reduction. that fell apart and talks have largely been stalled this entire time. there was a lost pressure to get something done. we have seen some of the impacts of the fiscal cliff. consumers saying they have been more cautious with their holiday spending because of the uncertainty in washington. economists warn it could get worse and the markets could be foiled if we go over the fiscal cliff. taxes will go up for the average american by about $2,000 and could put us back into a recession. >> which nobody wants to see. kristen welker in hawaii. the president is coming back, but they haven't gotten the 48 hour notice. they are very much out there in play. thank you very much for joining us. appreciate it. when the senate returns tomorrow morning, there will be a new e
the focus shifts to the senate. senate majority leader harry reid, minority leader mitch mcconnell will have to try to hammer out some sort of a compromise to avoid going over the cliff, but as you pointed out in your introduction, a lot of senators over the weekend expressed concern that, in fact, we will go over the fiscal cliff. of course, if is that happens, the economy could eventually slip back into recession. one interesting point, thomas, though, last time that members of congress worked between christmas and new year's was 1996. that was during the government shutdown. this is really a rare occurrence for members of congress to have to come back and work out legislation that they went able to get done before the christmas holiday. >> the president is supposed to stay there for how long? >> well, of course, the white house not really giving us specifics about the president's travel plans at this point in time. the reality is i think the president is himself trying to figure out what he is going to do, but we do expect that he will cut his vacation short. you've heard the president hi
:15, it was all over. nancy pelosi left the meeting without making a comment but harry reid headed to the senate floor to address members of congress&so did mitch mcconnell. both men described the negotiations as positive and constructive and say the next 24 hours are critical. >> we are engaged in discussions. the majority leader and myself and the white house in the hopes that we can come forward as early as sunday and have a recommendation that i can make to my conference and the majority leader can make to his conference. so, we'll be working hard to see if we can get there in the next 24 hours. >> whatever we come up with is going to be imperfect. some people are not going like it, some people will like less, but that is where we are. and i feel confident that we have an obligation to do the best we can. >> reporter: as tom mentioned, just a few moments ago, we heard from the president, too, on his prospects for keeping the nation from plummeting off the fiscal cliff. >> if an agreement is not reached in time between senator reid and senator mcconnell, then i will urge senator reid to bring
a recommendation. >> whatever we come up with will be imperfect. that's where we are. >> reporter: harry reid and mitch mcconnell say they are confident they can find a compromise but they have to sell it to house speaker john boehner and his fellow republicans before monday night's deadline. brian mooar, nbc washington. >> and david gregory will have an interview with president obama on "meet the press." that's tomorrow morning at 10:30 right here on nbc 4. >>> you know what that means. it's make or break time for the redskins as they face the dallas cowboys tomorrow at fedex field. the winner is in the playoffs. jason is here with more. >> one more day and we'll see if the redskins are in the post season. six straight victories turned around the season. but this team isn't concerned about the past. come sunday none of that matters at fedex field. >> another game we have to go out and win. and that's the way we look at it. so, you know, every moment in your life is the biggest one at that time. we look forward to having many more of these but we have to take care of this one. >> the stakes a
in t the house or senate d in 22 years, has not voted to crease taxes. harry reid said that it would not be taken up, the president said he would veto it. >> did everyone see e movie "lincoln?" the wheeling and dealing that had to be done? >> also a lame duck sesession. >> in those days, you could punish people. i'm going to take away the bridge, you are not going to get that school, library.. >> the roles of the road have changed. >> nobody wants to bring home the bacon any y more. >> there is a decrease in corruption and it has been truly harmful to the nation's business. >> let us remember that during the crash of 2007, 28, in t end, it was the democrats under nancy pelosi who buildout president sh. it was the republican cretary of treasury who got down on hisis knees becaushe needed her to bring homehe votes. she was able to o do that. >> you are right. abolishh bribery in the house and it grinds to a halt. see? >> 26 people >> since friday morning, a police officer wasunned down in memphis, leaving four children about their mother. two officers were killed outsidide of a grocery
inouye's funeral yesterday, along with other washington insiders, including his friend senator harry reid. he represented hawaii in congress ever since it became a state in 1959 and was the second-longest serving senator in u-s history. inouye received the medal of honor for his heroism during world war two. inouye died a week ago at accepts total responsibility senator michael crapo was arrested in virginia shortly after midnight, saturday night. alexandria police say the idaho republican ran a red light, then failed several field sobriety tests. police say crapo's blood alcohol level was point-one- one ; the legal limit for drivers in virginia is point-oh-eight. in a statement released by his office, crapo said he was -- quote -- "deeply sorry for the actions that resulted in this limit in virginia. the deputy police chief says an investigation is underway to determine whether the killing was intentional or accidental. it was not known whether the victim was a military orthe nato military command says it's looking into the bay area's favorite way the biggest parties and heenan and gary
opening remarks on the floor of the senate yesterday, democratic majority leader harry reid accused republican house speaker john boehner of running a dictatorship in the house that is blocking a deal. the speaker has called the house back on sunday leaving just 24 hours for a deal. it is becoming clear though that the solution to the standoff is not going to come solely from democrats or republicans but will require concessions on both sides. and as the senate got back to business yesterday, democratic leader harry reid voiced frustration with the republican house which is not in town. >> they don't even have enough of the leadership here to meet to talk about it. they've done it with conference calls. people are spread all over this country. >> the democratic bill is, quotes, a revenue me sure that didn't originate in the house so it has no chance whatsoever of becoming law. >> reporter: if there is no deal by new year's, the bush era tax cuts will expire and everyone's taxes will go up. that could plunge the nation back into a recession. to reduce the deficit, the president wants
these prevent it, in control of whether or not your taxes go up come new year's day. harry reid, minority leader mitch mcconnell, house speaker john boehner and house democratic leader nancy pelosi met at the white house yesterday afternoon with the president and vice president. here's where things stand right now. the senate leaders are meeting aiming to avoid tax hikes. and they may vote on a deal sunday or perhaps on monday. jessica yellin is our chief white house correspondent. lisa day jar dayne is on capitol hill. the president used his bully pulpit to reinforce the idea that senators need to get busy. so let's listen. >> the american people are watching what we do here. obviously, their patience is already thin. this is deja vu all over again. america wonders why it is that in this town for some reason, you can't get stuff done in an organized timetable, why everything always has to wait till the last minute. we're now at the last minute. and the american people are not going to have any patience for a politically self-inflicted wound to our economy. not right now. >> so jessica, you were
tomorrow afternoon. host: both majority leader harry reid and mitch mcconnell both expressed optimism after the meeting with the president. what is the basis of their optimism? is this a sign we might be one step, two steps, through step closer to a deal? caller: it does appear we are a step closer to a deal. they are talking about doing is extraordinarily popular stuff. except for the big marquee item, which is letting taxes rise on the wealthy. the rest of the stuff they are looking at doing the stuff they do all the time. it is extending an expiring tax policies. they know the benefit businesses. extent college tuition credits. there are looking at protecting people from the alternative minimum tax. it is all very urgent stuff that needs to be done. there are only two remotely controversial pieces of this, that is what to do with the estate tax and to how to define the wealthy people whose taxes are going to go up. the rest of it is, basically protecting people from tax hikes. i guess extending unemployment benefits and sometimes controversial for the republicans. it appears to have agre
to president obama and harry reid to come one their plan and send us something and then we'll work on it. host: why did the plan b fail guest: in short because it involved tax rate increases and in effect would have led to tax rate increases. boehner args the vote itself was to extend tax cuts that there's nothing in the bill, nobody was actually voting for tax rate increases but the effect is it would have been a tax rate increase and enough conservative republicans in the house said i made a pledge not to raise taxes and this is a tax increase because by not doing anything the voters will see the tax increase so enough to have them said we won't go with you that he knew he simply wouldn't have support. it was dozens and so he was not going to get any democratic support for it, so he had toful bill. -- so he had to pull the bill. host: and talk about arm-twisting. is it these people came to him and said there's no way we're going to vote for it or did he do a head count and just say, i won't have enough votes to pass my bill? guest: a little bit of both. i was outside while they were huddling
leader harry reid in the "new york times, returning to the u.s. capitol. his shadow. what's the relationship between harry reid and mitch mcconnell? guest: it's hard to tell. the rhetoric on the senate floor can be pretty tough. they call each other my dear friend whenever you want them on the c-span channels, but i think they both are in a frustrating position. senator harry reid does not have more than 60 members, so we cannot block a filibuster but senator mcconnell is adept at applying in cases where he'd want to block legislation. but i think they both have respect for each other's legislative skills and they have proven in the past that when they need to cut a deal, but can cut a deal and bring their party's members with them. host: john mccain writes a big budget deal is still worth doing. he points out to the history of some of these agreements, most notably with ronald reagan in the 1980's and president bush in 1991 in which republicans agreed to spending cuts that never happened while raising taxes. guest: that's right. there's a little confusion about how much s
and the senate to avert the cliff. so now harry reid is believed to be crafting a plan of his own. it's expected to extend bush-era tax cuts. it would also include short-term spending cuts instead of the massive cuts that would occur if there is no deal. it would also patch up the alternative minimum tax that will hit even more middle class families and schedule a drop off for doctors. >> if republicans do give in and support the deal being put together by harry reid that deal is expected to be far less favorable than the potential deal they had been working on with president obama. >> republican strategist, frank luntz has been talking with voters, what is the chance you see this becomes the new compromise? >> i'm not sure if hooert side is watching very closely. we did a survey and we got two interesting questions. one that's very tough on republicans. we asked the american people who is the gop fighting for and representing, the number one answer, the rich the number two answer, big business, well back is number three hard-working taxpayers. by them fighting this on the
and will not be done with a partisan vote. >> holman: senate majority leader harry reid agreed with that assessment, but he suggested there's a way to recover. >> now, i like john boehner, but gee whiz, this is pretty big political battering he's taken. what he should do is allow a vote in the house of representatives on a bipartisan bill. it will pass. >> holman: the president met this afternoon with reid and spoke with boehner, then came to the white house briefing room. >> in the next few days work towards a package that avoids tax hike on mid class, >> and lays the groundwork for further work on both growth and deficit reduction. that's an achievable goal. that can get done in ten days. >> bayne never >> holman: in his appearance earlier, boehner, flanked by majority leader eric cantor, sounded doubtful, but said he's willing to try. >> how we get there, god only knows. all i'm telling you is that eric and i, and our team here are committed to working with our colleagues on both sides of the aisle, both sides of the capitol, and the white house to address that. >> holman: still, as the capitol
met with harry reid at the white house and spoke with house speaker john boehner. mr. obama said lawmakers need a break from fiscal cliff frustration-- much of it self- induced. >> we move forward together or we don't move forward at all so as we leave town for a few days to be with our families for the holidays, i hope it gives everybody some perspective. >> reporter: the president will follow his own advice. lawmakers and return to washington if there is a deal. >> pelley: major, thank you. as you know, this debate is all about bringing the federal budget under control. if the white house and congress can't figure it out, big across- the-board budget cuts and those tax increases we mentioned kick in automatically january 1. the so-called fiscal cliff. the republican speaker of the house tried to force through his solution last night but he couldn't keep his own party in line. nancy cordes is at the capitol. nancy? >> reporter: scott, this was an unforced error. speaker boehner did not have to bring this plan "b" bill up but he was simply trying to get more leverage in negotiati
sources close to the talks say senate leaders harry reid and mitch mcconnell are drafting a small plan that could include extending unemployment insurance benefits pro-tkting about 30 million americans from paying the alternative minimum tax and allowing tax rates to increase on the wealthiest americans, but this issue remains a major sticking point with many republicans resisting any tax increase at all. economists say the last-minute process calls into question washington's ability to deal with the hard issues of tax reform and deficit reduction. >> the prospects for the economy are incredibly dim until we put in place a bigger deal, tackle these challenges, and put some certainty into the economy and boost confidence. >> reporter: meanwhile, americans watched with worry and frustration. >> i think they're all failing us a great deal and i'm so sick and tired of them fighting. >> the equivalent of worried about your mortgage after you're already homeless. so it's, like i said, sad. they have a job to do and they're not doing it. >> reporter: now, with public pressure mounting, the ho
days left now and still no deal. tonight, senators mitch mcconnell and harry reid are talking about a potential compromise to avoid the fiscal cliff. mcconnell believes there could be a tentative agreement by sunday. this progress comes after president obama met with congressional leaders at the white house today for about an hour. >> i'm modestly optimistic that an agreement can be achieved. nobody's going to get 100% of what they want, but let's make sure that middle class families and the american economy and, in fact, the world economy, aren't adversely impacted because people can't do their jobs. >> if there is no deal, taxes will go up next week for most americans. there will be sharp spending cuts and 2 million people will lose their extended unemployment benefits. >>> on "meet the press" this sunday, president obama will sit down for an exclusive interview with david gregory as the fiscal cliff deadline approaches. watch the interview this sunday morning at 10:30 here on nbc 4. >>> a huge turnout at the what's called the nation's gun show in shantilly, virginia, today. thous
majority leader harry reid, house minority leader nancy pelosi, senate minority leader mitch mcconnell, and house speaker john boehner. have four dates to reach an agreement, but the u.s. economy would go off a fiscal cliff. that's when automatic spending increases and spending cuts would take effect. -- a deal will not be easy, because both sides are involved in a high-stakes political blame game. >> we are here in washington working while the members of the house of representatives are out watching movies and watching the kids play soccer and basketball and doing all kinds of things. they should be here. >> i told the president we would be happy to look at whatever he proposes. the truth is we are coming up against a hard deadline. this is a conversation we should have had months ago. clerk democrats want to extend bush-era tax cuts to everyone except those americans making to a hundred $50,000 or more per year. many republicans are against any tax increases. -- democrats want to extend bush-era tax cuts to everyone except those americans making $250,000 per year. >> d.c. mayor vinc
. not a priority, and he shut down yucca mountain because harry reid was in a tough battle in 2010 which he won narrowly against sharron angle. and then, final hi -- i think this is finally for barack obama, on solar power. obama says he wants to promote green energy. well, he has two very bad policies if that's the case. one was playing venture capitalist with your money. solyndra, which we all know went bust and lost $500 million, was a technology that actually might work. it's called sigs, these are expensive panels, but they're more efficient than the cheap solar panels we get from china. china uses amorphous silicone. so he decided, well, look, the price of silicone is probably going to go up as it becomes more and more is and more in demand, so, therefore, we should invest many this new technology. well, that's not what happened. the price of silicone came crashing down, and along with it solyndra's entire business model and along with it your $500 million. so that's bad decision number one. subsidizing technology when you should be subsidizing basic research. i am completely in favor of
to senate leaders harry reid and mitch mcconnell and whether they work out something short of $4 trillion grand bargain. last-minute stop gap. attending tax cut for people making $250,000 or less. and unemployment benefits for 2 million people who will lose the benefits a week after christmas. >> it is going to be a patch. because in four days we can't solve everything. >> yet, other republicans note the president short-term fix raises some taxes, yet punt spending cuts until next year. >> i would vote for revenue, including the tax rate hike though i don't like them to get, to save the country from becoming greece. i'm not going to set aside the $1.2 trillion in cuts. >> if the president does return to washington this week, unclear whether he will come back here to hawaii for new year's with his family. joe lieberman says he expects the senate to be in session on new year's eve, working on a deal down to the wire. >> thank you, ed. markets dropped on shortened day of trading. dow fell 52. s&p 500 lost 3.5. nasdaq down 8.5. might be a blue christmas for retailers. shoppers came out in dro
go up. but cnn is told that senate democratic leader harry reid is privately warning colleagues if he's not sure the president's scaled back bill will pass both houses of congress, he won't even bring it up for a vote. the concern sources say is that a failed vote and going off the fiscal cliff would spook the markets even more. sources in both parties say the most likely scenario at this point is going off the fiscal cliff. why? after january 1st, when everyone's taxes go up, the new congress sworn this on january 3rd could vote to cut taxes. a much easier vote to cast for republicans as well as some democrats. as for the president, is he nhe scheduled to leave his family tonight, come back to washington tomorrow morning, in the hopes of helping his fellow democrats try to find enough republicans to pass his plan. but of course this goes without saying that was a plan that most if not all republicans campaigned very strongly against. >> the most likely scenario is actually did go off the cliff now. ryan liza is our correspondent from washington. you look at this and we're hearing ech
connell, the republican leader in the senate, and senator majority leader harry reid, in hawaii for the funeral of daniel inouye and is now on his way back to washington. it would come down to the senate doing something. there would be a possibility that senate mcconnell might allow this bill i mentioned that i already passed in july, was a threshold for tax hikes, being at the $250,000 level, he may allow democrats to say, the house has to take this, or if there is some sort of vote on another measure, while mitch mcconnell would be unlikely to personally support it, perhaps he might let some of his republican senators do that, now, this is sort of thinking, coming from democrats, this is not something that mitch mcconnell at this point is planning to do, and it's very much unclear. the fact is, though, it doesn't just matter what the senate does, don. the house would have to pass something, and whatever were to come out of the senate at this point would require not just republican support, they made that clear last week when they didn't support speaker boehner's plan b. it would also require democratic
will be on hand. also, mitch mcconnell, the minority leader, the president, and harry reid. everyone will be in play, and we will cover that for you. finally, good news for all you hot heads out there. in the study reveals that being hot tempers and expressing anger is good for you. it can add up to two years to your life span. after analyzing six dozen people, researchers from entering university conclude that overtime self restraint and holding back-oceans could cause you to develop serious health publications, high blood pressure, heart disease, kidney damage, and even cancer. bottom line, for the death your health express yourself. if you're angry, let it all out. don't hold the pack. expressing your emotions could be just the key to that enjoyed a long and healthy life. that's my "2 cents more." thanks for joining is. don't forget to record the show if you cannot catch us live. have a great night and will see you tomorrow. ♪ lou: good evening. the pounding, deafening drumbeat for gun control is rising. emanating principally from washington, the present, and members o
automatic tax increases and spending cuts come january 1st. senator harry reid and mitch mcconnell are trying to hammer out a deal the house might approve, but the house is ticking. joining us now are our political strategists. brendan, the president today said is he going to have senator mcconnell, senator reid start off on this package, but doesn't that eliminate a big player in this, which is john boehner, if this has to get passed through the house? >> certainly and he's been talking with the speaker all along. i think he's basically saying the house is really at an impasse. i don't think they can pass it on their own, but if there's a bipartisan deal that senate republicans and senate democrats can pass, the speaker's office indicated they may bring it up in the house even if they only get 1/3 or 1/2 of the republicans, if there are enough democrats, it can pass in the house. that's really been the problem. the speaker wants to bring a bill and get the majority. >> jack, let me ask you, one of the complaints we've heard is that speaker boehner has a policy he does not b
sides continue to play the blame game though. senate majority leader harry reid attacked house speaker john boehner for blocking a vote on a potential deal while the gop led house isn't due back until sunday, just one day before the deadline to avoid the automatic tax increases in spending cuts that could send the nation into recession. the differences between the two sides remain intact. democrats want to raise taxes on everyone earning more than $250,000 a year although the president has offered to up that to $400,000 in negotiations with boehner. republicans have rejected any new taxes even those the house speaker proposed on people earning morning a million dollars. instead, gop wants deeper spending cuts to address the nation's deficit and with the clock ticking, neither side is giving up ground. >> the american people i don't think understand the house of representatives is operating without the house of representatives. it is being operated with a dictatorship of the speaker. >> this is a conversation we should have had months ago and republicans aren't about to write a blank c
harry reid sounded cautious, warning americans whatever they come up with by sunday won't be perfect. after the meeting, president obama made it clear failure is not an option. >> if we don't see an agreement between the two leaders and the senate, i expect a beam to -- bill to go on the floor, and i have asked senator reid to do this, put a bill on the floor that taxes on the middle class families don't go up, that unemployment insurance is available for 2 million people, and that lays the groundwork then for additional deficit reduction and economic growth steps we can take in the new year. >> reporter: if the congressional leaders don't reach a deal by december 31st, the financial markets could one is a bit and, consider this. the current congress is only in session until noon on january third. after that, 13 new senators and 82 new house members would take over and try to solve the problem and that is an overwhelming task out of the gate. back to you. >> thank you for. that. >>> we want to get back to the weather. let's take a live look outside. the snow and rain has tapered off
obama has invited nancy pelosi, john boehner, mitch mcconnell and harry reid to the white house this afternoon for a fiscal cliff summit. >> here we are. five days from the new year, and we might finally start talking. >> reporter: today's white house meeting might be the last chance to come to an agreement. that's because it takes time for a bill to work its way through both chambers of congress. >> i don't know time-wise how it can happen now. >> reporter: under senate rules the onlyway a bill could come through the you woulds in time is if every senator agrees not to slow the progress. the house will be back here sunday night giving them just more than 24 hours to vote on any bill the senate works out. outside the beltway, don will be watching. >> everybody's kind of in a wait and see and finger crossed perspective right now. >> reporter: since 1930, this is only the fifth time congress has worked after christmas. tara mergener, for cbs news, washington. >>> time right now is 6:07 and i'm watching your money. we're going to have to see if wall street can finally ends its losi
minority leader mitch mcconnell. harry reid and nancy pelosi were there. steve chenevey live on capitol hill right now. >> that meeting at the white house lasted just a little more than an hour. they started at 3:10 and were done by 4:15. no major decisions were made. president, reportedly telling congressional leadership, if you do not have a better plan than i do by now, we need to get to voting on my plan. the clock is still ticking in advance of monday night's deadline. frustration being felt not just inside the capitol, but i constituents outside as well. >> i am a little worried about the future as well, for my kids mostly. >> it is a popular thought outside the capital. >> there is an understandable frustration. >> chris van hull and is hopeful a deal can be reached by tuesday, although it will likely be a smaller deal that addresses only the major parts of the fiscal cliff from taking effect. >> we have got to get on a larger agreement, to make sure we sustained a very fragile economy, tried to get it to move faster, and deal with the long- term deficit. >> those decisions may n
obama and harry reid were there for a service. inouye was the second longest serving senator in u.s. history. he represented the state of hawaii for nearly 55 years. the 88 year old died of respiratory complications last monday. >>> mitt romney's own son sad his dad didn't want to run for president. tagg romney said he wanted to be president less than anyone i met in my life. he would have been happy to step aside if someone else would have taken his place. tagg worked as an adviser on his 2012 campaign and worked with other campaigns. >>> a grim assessment to avoid the fiscal cliff. some lawmakers say they feel for the first time a deal may not get done by the end of the year. congress is not expected to return to work until thursday. the same goes for president obama who will spend christmas in hawaii. that leaves them five days to get a deal done to avoid steep tax hikes and big-time spending cuts. senators on both sides of the aisle say both parties need to compromise to avoid a potential economic disaster. >> my one bit of advice to speaker boehner is this. you cannot pass a
. president obama and senate majority leader harry reid were on hand for the ceremony. inouye was the second longest serving senator in u.s. history. he represented the state of hawaii for nearly 50 years. the 88 year old died of respiratory complications last monday. >>> 16 after the hour. an investigation under way into the apparent suicide of an elite navy s.e.a.l. commander in afghanistan. 42-year-old job price died on saturday. he was from pottstown, pennsylvania. his unit was based in virginia beach. he was the commander officer of s.e.a.l. team 4. there's no indication that he was involved in an investigation or controversy. he's survived by his wife and daughter. >>> wednesday marks the eighth anniversary of the deadly earthquake and tsunami that hit south asia. the catastrophe killed more than 226,000 people. more than 50,000 bodies have never been recovered. thailand will mark the day with a vigil. since the disaster hit in 2004, millions of dollars have been allocated to seismic and tsunami information centers. >>> this morning we're hearing from one of the victims of the mall sho
harry reid before going to hawaii and his offer was to extend the tax cuts for incomes under $250,000, extend unemployment insurance benefits, and the lady across the board automatic cuts that are supposed to start january 1. that seems to be a non starter with republicans. it's hard to see where we go from here. host: have they been talking over the christmas break at all? also, one has been the role of senator mitch mcconnell? guest: the line that comes from the speakers office all the time is the line of communication remain open. i don't know how much talking they did as the president was in hawaii spending time with his family and the speaker was back home in ohio, i believe. i don't know that for sure. everyone was doing their family time and not really working that significantly on something. i think there was probably some minimal conversation, but not a lot. as for the senate minority leader mitch mcconnell, i think that is a good one. a lot has been made in the past few days about him taking a higher profile role in these negotiations. while i don't like prognosticating
this week when he said that this is now president obama and harry reid's decision to make. and he also said that last night after his plan "b" failed. and so their message is going to be obviously be this is president obama's job and responsibility to come up with something, they tried, obviously couldn't get it through. but in the end, you know, republicans from the beginning of this, they've already -- they've passed two bills earlier this year averting the fiscal cliff before we got to the, you know, three day out period of going over the fiscal cliff. and they've been really bad at marketing that and saying, look, we put forward solutions, the democrats, especially in the senate have done nothing with them. and so i'm not really sure they can recover if we go over the fiscal cliff. like i said in the first segment, i think the best thing for them is to vote present, wash their hands clean and let the democrats live with the consequenc consequences. >> the democrats will have to live with the consequences and republicans, i think, are going to start moving toward tax reform, entitlement
-time friend, senator harry reid. >> to everything, there is a season, a time to every purpose under heaven, a time to be born and a time to die. you see, this was danienian inouye's time. he led a full and productive life. he was 88 years old and he lived each of those 88 years to its fullest. >> inouye's accomplishments are legendary. at his death, he was the senate's longest serving member, second only to robert byrd of west virginia. >>> back here in the u.s., the president is spending the christmas holiday with his family in hawaii. cnn's brianna keilar is there. there is no official word when he is coming back to the mainland but as that fiscal cliff deadline gets closer what do you think will happen as it rolls on? >> reporter: no official word the president will return to washington, i think that is the expectation. as you know, miguel, the senate will convene on december 27th, that's thursday. and in a perfect world, what the white house would want to see is the senate take up some sort of measure to avert the tax hikes that will hit people earning $250,000 or less. that's what the
house with democrat harry reid. however, publicly what is being said sounds a whole lot like it has over the past couple of weeks, which tells us, randi, we're not exactly sure if we're going to get something worked out in the next few days. >> yeah, that's the question, of course. are we any closer? and i guess we don't really know. what about for workers? will they see any extra taxes coming out of their paychecks right on january 1st if there isn't a deal? >> you know, imagine being a payroll check processor at this point. they do not know what to do. if they are going to issue checks to people on the first week of the new year, a lot of people are expecting them to come, they have to cut those checks next week. and as of now, the irs hasn't told these companies how much they should be withholding taxes because they don't know because of this impasse in washington. so a lot of uncertainty about when this would start to be applied. would it be retroactively. don't know what your first paychecks could look like as a result of what's going on here. if no deal is reached, if the payroll t
have passed that. it's harry reid and the president that have yet to come up with something. if it was so easy, if they thought they had a solution to it, why didn't on friday they come to the table and actually pass something? the pressure is on them, what can they pass in the senate? >> harold, you know the politics of this but you also know the markets and how they've been reacting and wall street and corporate america more generally. is there new pessimism that we're, a, not going to get a deal and not solve the issue anyway? >> big disappointment. people outside of washington understand clearly. a couple hundred billion over ten years separating both sides. the question becomes can washington still govern itself? two, there's a realization we're in the middle of a small recovery. if we find ourselves not able to resolve this moment, it retards and slows and undermines what we see ourselves doing going forward. finally, for the life of me as someone who sfrd there, it was so distressful to watch both sides yell at each other. i feel sorry for speaker boehner. i've seen s
defense spending and blame it on the republicans. the problem is we have had harry reid and the senate democrats haven't passed a budget plan in three years and they're looking at just raising taxes. we need to seriously address the spending in this country and we haven't had that from the democrats. we have to have that for things to pass. really get this deficit under control. >> all right. so keith, that was a loud sigh that you just gave. >> you heard that? >> i think everybody at home just heard that. so you obviously do not agree with alice's assessment there. i want to show debbie wasserman-schultz's quote. no 48-notice on house votes just yet. the president has a lot to gain politically with the blame on republicans for letting all of the country go over the cliff and the fact that they seem to hold on with the death grip for millionaires in this country. >> the republicans will be blamed it seems according to the polls going over the fiscal cliff but the president is responsible and wants the deal. he's been trying to negotiate by making reasonable concessions. lowered the rev
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